Why Does Brazil's Banking Sector Need Public Banks? What Should BNDES Do?

What Should Central Banks Do?

I the last twenty years, there has been substantial rethinking about how central banks should do their job. This rethinking has led to major changes in how central banks operate, and we are now in an era in which central banks in many countries throughout the world have had notable success—keeping inflation low, while their economies experience rapid economic growth. In this lecture, I outline ...

Internal Positioning Model for Banking Services (Public Sector Banks)

Purpose: The purpose of this study was to design an internal positioning model of state-owned banking services and accreditation. Method: The present study was applied and exploratory. The statistical population of the qualitative stage were the managers of the branches of agricultural, national and housing banks of Khorasan Razavi province and university professors in the field of managemen...

What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09

SERGIO G. LAZZARINI , ALDO MUSACCHIO , RODRIGO BANDEIRA-DE-MELLO e and ROSILENE MARCON f,* a Insper Institute of Education and Research, São Paulo, Brazil b International Business School-Brandeis University, Waltham, USA Harvard Business School, Boston, USA National Bureau of Economic Research, Cambridge, USA Getulio Vargas Foundation (FGV-EAESP), São Paulo, Brazil Universidade do Vale do Itaja...

Why do Banks Fail ?

Banks advance loans in the absence of precise knowledge in relation to the outcome of borrowers’ projects. Consequently, uncertainty in relation to loan repayment emerges. Thus, banks introduce the ‘credit standard’ as insurance against loans, so that should borrowers’ projects fail, borrowers have an alternative means of honouring their debt obligations. It is argued in this paper that in the ...

Why public sector job creation should be fashionable